Havells India Limited has signed a binding term sheet to invest Rs 6 billion in Goldi Solar Private Limited. This investment forms a part of Goldi Solar’s proposed fundraise of up to Rs 13 billion, which is expected to be completed within 75 days from the day of announcement. Havells’ investment is a part of a broader effort to expand its presence in the renewable and solar sector through energy generation, storage, distribution, and consumption solutions.
Havells has already been active in the solar ecosystem through the sale of inverters, modules, solar cables, and DC switchgears, particularly within the residential rooftop and commercial and industrial segments. With increasing domestic reliance on solar modules due to policy shifts, Havells has reportedly assessed the need to either establish its own manufacturing base or partner with a module manufacturer. The investment in Goldi Solar reflects this strategic decision.
In March 2025, Goldi Solar launched an AI-powered solar module manufacturing line at its new 14 GW facility in Kosamba, Surat, featuring high-speed stringers processing 10,000 cells per hour and automated optical inspection for real-time quality control.
